Proposal Details
When private businesses like Blockbuster don't innovate, they go out of business and get replaced by Netflix. When charities don't innovate, people in need don't get the help they deserve. And that's exactly what's happening--charities aren't innovating. They're operating on a 20th century model in a blockchain world. We're going to change that.
Web3 can dramatically improve charitable outcomes. Small donors (DAO members) finally have input on the direction of the organization. Blockchain enables us to distribute resources instantly across jurisdictions with zero friction or loss. It makes donor lists truly anonymous. And we can become completely self-sustaining via NFT sales, a token offering, integration with the growing web3 ecosystem (no more junk mail begging grandmas for cash).
Innovation can and should change charity the same way it's changed everything else the past twenty years. But innovators aren't entering the nonprofit sector. A DAO changes that. Givosity can both access the world's brilliance by crowdsourcing the innovation across the greater web3 community and provide value to the contributors via tokens, NFTs, and more.
Givosity isn't a fundraising platform where you toss some spare change at a cause you support. We're actually going to do the work. We're an incorporated, tax-exempt public charity (a 501c3 organization). And we're the first one that is native to web3.
Americans last year gave nearly $500 billion to nonprofits (~2% of GDP). The web3 ecosystem holds nearly $1 trillion in value. There's a strong market here for a web3 native charity. Givosity is that organization. We can become the Red Cross or United Way of web3. We can innovate in a market that desperately needs it. And we can save lives as a result. We can feed the hungry, house the homeless, and more.
All we need is funding to get the word out.